LOST MONEY IN GWG L BONDS? CLICK HERE TO LEARN MORE

Broker Misconduct Investigation: Michael Hoye (Ausdal Financial Partners)

If you have lost money in the stock market due to fraud, misrepresentation, negligence, or for other reasons, we can help you. We have successfully recovered over $250 million in FINRA securities arbitrations.*

Need Legal Help? Contact Us. Call +1 (888) 997-9956
Updated on: August 15, 2024

National investment loss lawyers KlaymanToskes is investigating broker Michael Hoye of Ausdal Financial Partners (CRD #3029864).

According to FINRA BrokerCheck, Michael Hoye of Ausdal Financial Partners is currently facing an investor dispute alleging violations of the Illinois Consumer Fraud and Deceptive Business Practices Act and negligence, with the investor seeking $280,000.

Investors that suffered losses with broker Michael Hoye are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Investment Losses with Broker Michael Hoye?

Investment Losses with Broker Michael Hoye?

Contact KlaymanToskes

Broker Michael Hoye Faces Investor Dispute

According to FINRA BrokerCheck, Michael Hoye, a broker with Ausdal Financial Partners, is currently facing a dispute with an investor. The investor alleges that Hoye broke the Illinois Consumer Fraud and Deceptive Business Practices Act and was negligent. The investor is seeking $280,000 in damages.
 
Negligence by a broker can mean many things. It can include giving bad investment advice, not telling important facts, or not following instructions. Michael Hoye has worked with six firms. These firms are Ausdal Financial Partners, Waterstone Financial Group, Royal Alliance Associates, High Mark Securities, World Group Securities, and WMA Securities.

Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Michael Hoye. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Michael Hoye, or have concerns regarding your investment portfolio at Ausdal Financial Partners, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.